May 29, 2024
Owner of UK's Royal Mail accepts Czech billionaire's takeover - Times of India
NEW DELHI: The owner of the struggling Royal Mail in Britain, International Distribution Services (IDS), has accepted a takeover proposal from Czech billionaire Daniel Kretinsky‘s conglomerate, EP Group. The offer, valued at £3.6 billion ($4.6 billion), was deemed “fair and reasonable” by IDS chairman Keith Williams. EP Group already holds a 27.6 percent stake in IDS, and the takeover is subject…
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